Building for Sale in Nicosia, Nicosia - B-106007

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Property for Sale in Nicosia, Nicosia Centre, Cyprus

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Internal Area (sq.m.)
690m²

Plot/land (sq.m.)
310m²

Property Details

Property Details

For Sale
Property Type: Building
Property Subtype: Mixed use
Location: Nicosia, Nicosia Centre, Cyprus
Internal Area: 690sqm
Price: €934,000
VAT: N/A
Loan Installment: €4,578

If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.

Loan Installment Calculations:
Assumptions:
Closing Price: €934,000
Own Contribution (30%): €280,200
Loan Amount (70%): €653,800
Interest rate: 3.2%
Years of repayment: 15 years

More Information

Status: Resale/Used
Age: 52 Years
Total No of Floors: 3
Plot/Land Size: 310sqm
Units: 16
Reference: B-106007
Energy Efficiency Certificate: In Progress

Property Description

Commercial building for sale within the walls of Nicosia.

The asset comprises of:

-Three unified shops with mezzanine on the ground floor.

-One duplex one-bedroom apartment on the ground floor.

-One two-bedroom apartment on the mezzanine level.

-Six studio apartments and a one-bedroom apartment on the first floor.

-Five studio apartments and two one-bedroom apartments on the second floor.

The immediate area of the property comprises of listed buildings of residential and commercial use and is considered to be the traditional commercial centre of Nicosia Ledras Street is one of the main commercial streets of Nicosia with numerous restaurants and shops, which attract a high amount of traffic from both tourists and locals.

The asset is partially occupied.

The asset falls within planning zone ΕΖ-Εντός with building density coefficient of 160%, coverage coefficient 70%, in 3 floors and a maximum height of 11,5m.